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Italy to stick with 2019 budget for now, wait for technical analysis of the plan

Italy decided to stick with their 2019 budget after meeting between Prime Minister Giuseppe Conte and his two deputies, Matteo Salvini and Luigi Di Maio. In a joint statement, the three said that “the objectives that have already been fixed are confirmed.” Also, “as far as the on-going discussions with European institutions are concerned, we agreed to wait for the technical analysis of the proposed reforms which have the most important social impact to quantify precisely the cost.”

Full statement of the coalition government here.

Meanwhile, it’s reported that they’re still flexible in adjusting the details of the plan so as to avoid disciplinary actions by the European Commission. For example, the so called citizen’s income plan could be delayed for a month or two which could save billions.

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